Ethereum gas fees rose 498% in two weeks as network activity surged — Report – Cointelegraph

Ethereum gas fees have seen a dramatic increase of 498% in just two weeks due to a surge in network activity, according to a recent report by Cointelegraph. This spike in gas fees has made transactions on the Ethereum network more expensive for users. The rise in fees can be attributed to the increased demand for processing transactions on the network, leading to congestion and higher fees. Users are advised to be mindful of these rising costs when conducting transactions on the Ethereum network.